Diamondback Energy (FANG) Gains As Market Dips: What You Should Know

Diamondback Energy (FANG) outperformed the broader market on September 15, 2026, closing up 2.82% while the S&P 500 declined 0.45%. The energy exploration and production company is expected to report strong earnings growth of 44.16% year-over-year with revenue projected at $4.15 billion. However, the stock carries a Zacks Rank of #3 (Hold) with a Forward P/E ratio of 10.32, slightly above its industry average.